So why do people MUST buy a BRAND new car?

[PlatinumGold]

Originally posted by: Koenigsegg

Originally posted by: PlatinumGold

Originally posted by: Koenigsegg

Originally posted by: PlatinumGold

Originally posted by: scott
Resale value drops approx:
30% the first minute uyou drive it off the dealer's lot.
25% next year
20% following year.

From viewpoint of your personal wealth-building, as an asset
cars are losers!

NEVER buy a brand new car.

a 3 yr old Acura TL 3.2 (decent resale value) goes for about $23k.

a brand new Accord pretty much loaded goes for about $26k.

i'd take the new accord over the 3 yr old acura TL any day and twice on sunday.

besides, a 3 yr old car means you will have to put on new tires, new rotors, new pads and various other maintenance items.

That's a terrible comparison. A TL is a luxury brand car, an Accord is a run of the mill family sedan.

Again, if you buy at a dealer, the tires/rotors/pads should all be fresh..otherwise you can easily get a discount on the price of those items.

There's no guarentee or anything that a car off the dealership will be any more reliable either compared to buying it used. In fact if you buy from a trusted seller, you'll know that the car can run well, while you're taking a chance with a new car.

nope, last years acura is this years accord. the accord v6 is every bit the car the 3 yr old acura is, in fact, the v6 accord puts out 244 hp the 3 yr old tl puts out 225.

the accord will have the newer features and options.

Okay here's a crazy concept, why don't we compare the SAME car? The Acura is a LUXURY car, you're paying more money for that Acura logo.

An '03 Accord EX-V6 goes for $20,278 according to Edmunds.

An '06 Accord EX-V6 goes for $27,400.

What are you paying over $7000 + higher insurance rates for? A new car smell?

Throw in a warranty for the used Accord and you'll still be saving thousands.

And an Accord is one of the slower depreciating cars out there. Throw in an American car and the differences will be much greater.

is it really the same car??

also, 3 yrs later when you go to sell or trade in your vehicle which one will have higher resale?

even with an extended warranty, there will be more expenses with the older car than the newer car.

also, which engine was in the 2002 accord? i don't remember, thats why i ask.

 

[TallBill]

Originally posted by: ajpa123
In ritzy suburbs, when you're "Keepin' Up With the Jones's", u really don't want to be caught with a used car in your driveway do you?

lol, i dont give a crap about how people think i should live.

i have a 2001 ford crown victoria, and i love the thing. 10 grand for it, and it should last a while. even if won 100 million dollars tomorrow, i would NOT get any different car. i wouldn't even wash it.

a car is for transportation

 

[ballmode]

If everybody bought used cars, there wouldn't be any new ones to go around.

 

[IHateMyJob2004]

I agree that a 2-3 year old car is the best bang for your buck.

I however ALWAYS buy new. I don't want otehr peoples problems. I know a new car has never been abused. It's got a good warranty, etc. And I'll keep it long e than a 2-3 year old car. I typically keep new cars 7+ years.

And case in point, watch these morons that drive SUVs. I don't want their used transmission.

And also, cars are not investemnts. Any way you look at it, you loose money. So why worry about penny pinching.

 

[holden j caufield]

actually I'd have to agree with buying used but when I searched for a 05 TSX I also looked at the 04 TSX (basically the same car, maybe 1 or 2 minor changes). The 04 TSX were listed almost as much as we bought the 05 TSX (bargained at the end of the month). Of course I'm not sure what I might have bargained the 04 for. But Acura's tend to have really high resale value

 

[JulesMaximus]

Yeah, people who completely discount either option are fools IMO. Sometimes a new car makes great sense. Other times a used car might make great sense, like if you find a good used car with low mileage at a good price. It depends entirely on the situation.

 

[ktehmok]

Originally posted by: Sudheer Anne
why has nobody commented on the obvious grammar mistake in the OP's title?

"so why do people must buy a brand new car"

i dunno why do people must have bad grammar?

Yeah, I read about that far. I only came in here to see if anyone else noticed. The rest of the post is reflective of the title, and painful to try & read.

 

[necine]

Originally posted by: TuffGuy
Cuz they can't afford a new car. Same reason why some people buy a car 3rd and 4th hand ten years down the line.

EDIT: I prefer a new car because it comes with full warranty and I know that the car hasn't been abused.

Not so... I could afford a new car. But I live in Jersey, and had never been insured before. My insurance right now is 200 a month on an 89 galant. I can afford a new car, I just cant afford a new car + insurance on a new car (they wanted like 400 a month).

 

[electricJ]

Originally posted by: Engineer
If nobody bought new, there would never be a used one!

Exactly

 

[Chrono]

because it's NEW!!!!! plus it's your baby to baby. you don't have some turd revving the crap out of your car and not doing proper maintenance until it is time for the person to sell...

 

[rh71]

new cars only for me. I don't care about depreciation, I plan to drive all my cars till their death... I've had my SUV for 11 years now... bought at 17. We may buy our next [new] car a couple years from now... but this one isn't dying anytime soon. Anyway, the main reason is that I like to be the only owner. I treat it like my baby and wouldn't have it any other way.

 

[Legend]

Resale value drops approx:
30% the first minute uyou drive it off the dealer's lot.
25% next year
20% following year.

From viewpoint of your personal wealth-building, as an asset
cars are losers!

NEVER buy a brand new car.

Why this is true with many cars, it doesn't work with a Honda Civic. A three year old Civic goes for like 11-12k. A new one 16k.

I'd rather get new without having to worry about the history of the car (like some bastard that doesn't change oil....ever) and getting to pic the exact specs of the car (color, interior, etc).

 

[Soccerman06]

If the car is a sports car, I want it to be new because of maintainence issues and mechanical problems that might ensue from the abuse. Oh abuse, I dont want an abused sports car because thats what Im suppose to do to it, not the person before me, making me fix everything (usually w/o warrenty). The same goes with upper-end luxury vehicles because I want to feel the new leather and break it in, not someone else. If you get anything European, you need the warrenty because it can cost an arm and a leg to fix when w/o a warrenty (seeing how my dad's M3 had some expensive fixes under warrenty, but might just be a bad luck).

I can see getting a used daily driver though, because it would be relatively low maintainence cost (oil change, new tires here and there, ect) and reliable. I couldnt see getting a used car older than 3 years though, if I were to keep it for a daily driver.

 

[Legend]

Cuz they can't afford a new car. Same reason why some people buy a car 3rd and 4th hand ten years down the line.



It's true more often than not.

There's no logical reason (to me) to want a car that's out of warranty, has expensive maintenance services coming up, tires and brakes are worn out, etc...

While it may be true with many people, some people know the true value of money and know how to invest. The only time I think it's worth money to blow cash on expensive new cars if you're loaded. I mean hundreds of thousands invested. At that point, investing 30k wouldn't matter that much because your interest for that year would be double that.


However, I'm not sure what you're talking about used cars needing a lot of maintanence. Perhaps some cars. But People like me that have used Honda Accords have no problems well beyond a few years used.

I have a 92 Accord, no problems.

And warranty? Warranties for cars are a sales pitch for crappy cars that won't last. A 100k warranty on a small part of the engine is absoutely worthless.

I'd rather get the usual 300k from Honda/Toyota without any warranty.

 

[MagicConch]

I only buy new cars b/c I care about small things other owners sometimes don't and thus don't worry about when they drive it. For example even a thin scratch on a backup camera lens would drive me slowly insane.

 

[Apex]

Life is short. Get what gives you the greatest happiness for your money.

 

[Legend]

Life is short. Get what gives you the greatest happiness for your money.

Which is exactly why you should invest starting as young as possible.

If you start at 20, with a good job, you can retire around 50 a multi millionaire.

Beats the hell out of blowing your money on a car and living most of your life in debt.

 

[DrPizza]

Originally posted by: TuffGuy
Cuz they can't afford a new car. Same reason why some people buy a car 3rd and 4th hand ten years down the line.

EDIT: I prefer a new car because it comes with full warranty and I know that the car hasn't been abused.

I can afford a new car, but prefer to buy a much older car. It takes careful shopping - in fact, I'm in the market right now before my son turns 16 in February. I plan on spending between 1 and 2k, paying cash, and carrying only liability or whatever else the state requires. If something happens to the car, oh well, I'll just get another one. My insurance premiums are only a few hundred a year. You can look at my other vehicles that I can afford as a result - 4 kayaks, a canoe, camper for the family, small motor boat, (planning on buying another boat early next year)

Personally, I feel that if the vehicle is in decent shape and is going to last me 3 years, that works out to less than $50 a month for the car. The most I'd have to put into a car for repairs is probably 500... after that, I'd just consider getting rid of it. And, with cheaper vehicles, redundancy is no problem; I can have an extra vehicle or two. (we don't right now, but will by Feb.)

One thing that helps for me... I have plenty of space to park vehicles. If I lived in a big city and had 1 parking spot, then I'd probably have to consider vehicles with almost guaranteed reliability. I have suffered 2 break downs in the past 10 years. One blown head gasket on the way home cost me $400 for repairs. And another time, an exhaust pipe broke, (in a manner that if I drove it, I'd tear off the cat. converter), so I just stood by my car, a coworker picked me up 2 minutes later, and on the way home I repaired it myself since the pipes were cool enough.

 

[Ornery]

Originally posted by: Legend

Life is short. Get what gives you the greatest happiness for your money.

Which is exactly why you should invest starting as young as possible.

If you start at 20, with a good job, you can retire around 50 a multi millionaire.

Beats the hell out of blowing your money on a car and living most of your life in debt.

Save your breath. Nitwits like this will have their GF knocked up before they reach 20, and live in a trailer the rest of their lives... oh, but they'll have new cars!